Is Automotive Axles Ltd (AUTOAXLES) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Automotive Axles Ltd is a good quality company .

Is Automotive Axles Ltd (AUTOAXLES) undervalued or overvalued?

The key valuation ratios of Automotive Axles Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Automotive Axles Ltd (AUTOAXLES) share price return in the past 10 years?

Automotive Axles Ltd share price has appreciated 11.8% annually (CAGR) over the past ten years.

Is Automotive Axles Ltd (AUTOAXLES) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Automotive Axles Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Automotive Axles Ltd (AUTOAXLES)?

Company share prices are keep on changing according to the market conditions. The current trading price of Automotive Axles Ltd (AUTOAXLES) on 16-Apr-2026 16:59:59 at 16:59 is 1787.15.

What is the market cap of Automotive Axles Ltd (AUTOAXLES)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 16-Apr-2026 at 16:59, the market cap of Automotive Axles stood at Rs. 2614.75 Cr.

What is the P/E ratio of Automotive Axles?

The latest standalone P/E ratio of Automotive Axles as of 16-Apr-2026 is 16.72.

What is the P/B ratio of Automotive Axles Ltd (AUTOAXLES)?

The latest standalone P/B ratio of Automotive Axles Ltd (AUTOAXLES) as of 16-Apr-2026 is 2.50.

What is the 52-week high and low of Automotive Axles Ltd (AUTOAXLES)?

The 52-week high of Automotive Axles Ltd (AUTOAXLES) is Rs. 2125.95 and the 52-week low is Rs. 1536.00.

What is the TTM revenue of Automotive Axles Ltd (AUTOAXLES)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Automotive Axles is Rs. 2073.07 (Cr.).

Automotive Axles Ltd (AUTOAXLES) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Automotive Axles Ltd (AUTOAXLES)
Brand: Automotive Axles

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	15.8%	20.8%	30.9%	34.7%	10.6%	5.9%	17%	31.5%	27.3%	22.9%	-
Value Creation Index ⓘ	0.1	0.5	1.2	1.5	-0.2	-0.6	0.2	1.3	1.0	0.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,086	1,172	1,519	1,939	952	906	1,491	2,324	2,229	2,078	2,073
Sales YoY Gr.	-	8%	29.6%	27.6%	-50.9%	-4.9%	64.6%	55.9%	-4.1%	-6.8%	-
Adj EPS ⓘ	23.8	32.6	54.3	78.5	27.8	16.7	49.2	107.2	109.9	102.9	103.5
YoY Gr.	-	37.2%	66.5%	44.4%	-64.6%	-40.1%	195.5%	117.8%	2.6%	-6.4%	-
BVPS (₹) ⓘ	216.5	249.2	294	356.3	352	366.6	411	502.5	579.6	649.8	691.7
Adj Net Profit ⓘ	36	49.3	82.1	119	42	25.2	74.3	162	166	155	156
Cash Flow from Ops. ⓘ	56.9	97.1	51.2	106	198	48.7	43.3	51.6	260	128	-
Debt/CF from Ops. ⓘ	0.5	0	0	0.7	0.1	0.4	0.3	0.2	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	7.5%	16.9%	11.7%	-6.8%
Adj EPS ⓘ	17.7%	29.9%	27.9%	-6.4%
BVPSⓘ	13%	13%	16.5%	12.1%
Share Price	11.8%	11.7%	-9.9%	8.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	11.4	14	20	24.1	7.9	4.6	12.7	23.5	20.3	16.7	15.4
Op. Profit Mgn % ⓘ	8.9	9.7	10.9	11.7	9.8	7.3	9	11.1	11.1	10.6	10.7
Net Profit Mgn % ⓘ	3.3	4.2	5.4	6.1	4.4	2.8	5	7	7.5	7.5	7.5
Debt to Equity ⓘ	0.1	0	0	0.1	0	0	0	0	0	0	-
Working Cap Days ⓘ	110	106	109	113	195	190	154	120	143	169	97
Cash Conv. Cycle ⓘ	47	40	38	41	78	69	49	46	55	55	67

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 11.70%

Net Profit is growing at healthy rate in last 3 years 27.87%

Return on Equity has declined versus last 3 years average to 15.40%

Sales growth is not so good in last 4 quarters at -0.86%

	Standalone	Consolidated
TTM EPS (₹)	103.5	-
TTM Sales (₹ Cr.)	2,073	-
BVPS (₹) ⓘ	691.7	-
Reserves (₹ Cr.) ⓘ	1,077	-
P/BV ⓘ	2.50	-
PE ⓘ	16.72	-

From the Market
52 Week Low / High (₹)	1536.00 / 2125.95
All Time Low / High (₹)	14.00 / 2690.00
Market Cap (₹ Cr.)	2,615
Equity (₹ Cr.)	15.1
Face Value (₹)	10
Industry PE ⓘ	43.6

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	1,086	1,172	1,519	1,939	952	906	1,491	2,324	2,229	2,078
Operating Expenses ⓘ +	991	1,059	1,354	1,713	859	840	1,356	2,066	1,983	1,858
Manufacturing Costs	110	130	166	204	100	93	136	206	201	174
Material Costs	781	826	1,062	1,345	646	629	1,062	1,669	1,587	1,476
Employee Cost	80	81	99	124	89	89	114	127	133	139
Other Costs ⓘ	20	22	27	40	24	28	43	65	62	69
Operating Profit ⓘ	95	113	165	226	93	66	135	257	246	220
Operating Profit Margin (%)	8.8%	9.7%	10.9%	11.7%	9.8%	7.3%	9.0%	11.1%	11.0%	10.6%
Other Income ⓘ +	2	2	5	3	8	7	4	5	16	27
Exceptional Items ⓘ	0	0	0	0	-2	-4	0	0	0	0
Interest ⓘ	6	1	1	1	2	3	2	3	3	3
Depreciation ⓘ	39	39	43	46	37	36	36	41	36	34
Profit Before Tax ⓘ	52	75	126	182	60	30	100	218	223	211
Tax ⓘ	17	26	44	64	19	7	26	56	57	55
Profit After Tax	35	49	82	119	41	23	74	162	166	156
PAT Margin (%)	3.2%	4.2%	5.4%	6.1%	4.3%	2.5%	5.0%	7.0%	7.5%	7.5%
Adjusted EPS (₹)	23.0	32.7	54.5	78.6	27.2	15.0	49.2	107.2	110.0	102.9
Dividend Payout Ratio (%)	24%	24%	25%	25%	25%	30%	30%	30%	29%	30%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	327	377	444	538	532	554	621	759	876	982
Share Capital ⓘ	15	15	15	15	15	15	15	15	15	15
Reserves ⓘ	312	361	429	523	517	539	606	744	861	967
Debt +	29	0	0	66	19	19	15	10	6	0
Long Term Debt	0	0	0	66	19	15	10	6	2	0
Short Term Debt	29	0	0	0	0	4	4	4	4	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	137	169	256	258	115	290	333	316	282	302
Others Liabilities ⓘ	65	18	28	56	53	76	69	66	63	71
Total Liabilities ⓘ	559	564	728	918	718	940	1,037	1,152	1,226	1,355
Fixed Assets
Net Fixed Assets ⓘ +	168	146	118	109	255	245	259	245	227	200
Gross Block	462	185	199	236	413	435	459	478	508	514
Accumulated Depreciation	293	39	81	127	157	190	200	233	281	314
CWIP ⓘ	9	7	17	115	24	32	3	6	6	7
Investments ⓘ	0	0	0	0	0	12	17	0	21	77
Inventories	111	99	137	184	156	201	199	231	250	229
Trade Receivables	198	231	335	346	123	282	389	499	364	438
Cash Equivalents	0	35	44	40	74	73	81	46	83	39
Others Assets ⓘ	72	45	78	123	86	94	89	124	274	365
Total Assets ⓘ	559	564	728	918	718	940	1,037	1,152	1,226	1,355

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	57	97	51	106	198	49	43	52	260	128
PBT ⓘ	52	75	128	185	60	30	100	218	223	211
Adjustment ⓘ	50	45	46	59	38	41	40	51	31	18
Changes in Working Capital ⓘ	-27	9	-72	-69	114	-13	-74	-165	64	-48
Tax Paid ⓘ	-18	-31	-51	-70	-15	-9	-23	-53	-58	-52
Cash Flow From Investing Activity ⓘ +	-25	-23	-27	-157	-59	-40	-27	-84	-182	-94
Capex	-26	-23	-30	-152	-62	-34	-22	-16	-19	-14
Net Investments	0	0	0	0	0	-12	-10	-76	-170	-93
Others ⓘ	1	1	3	-5	3	7	6	8	7	12
Cash Flow From Financing Activity ⓘ +	-35	-40	-15	47	-105	-10	-15	-31	-57	-59
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-6	-1	-0	-1	-7	-3	-2	-2	-2	-2
Dividend Paid ⓘ	-2	-8	-12	-20	-39	-1	-7	-23	-48	-48
Others ⓘ	-28	-31	-2	69	-60	-6	-6	-6	-6	-8
Net Cash Flow ⓘ	-3	35	9	-4	34	-1	2	-63	22	-24

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	11.05	14.04	20.05	24.16	7.69	4.19	12.66	23.48	20.32	16.74
ROCE (%)	15.84	20.78	30.87	34.67	10.59	5.88	16.97	31.45	27.32	22.92
Asset Turnover Ratio	2.19	2.32	2.4	2.35	1.16	1.09	1.51	2.12	1.87	1.61
PAT to CFO Conversion(x)	1.63	1.98	0.62	0.89	4.83	2.13	0.58	0.32	1.57	0.82
Working Capital Days
Receivable Days	57	60	66	64	90	82	82	70	71	70
Inventory Days	34	29	28	30	65	72	49	34	39	42
Payable Days	58	65	73	70	105	117	107	71	69	72

About Automotive Axles Ltd

Automotive Axles Limited (AAL) a joint venture of Kalyani Group and Arvin Meritor Inc., USA (formerly the automotive division of Rockwell International Corporation) was established in 1981, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers.

The infrastructure at AAL spans highly specialized manufacturing processes involving Friction Welding, CO2 Welding, CNC Machining, Flexible Machine Centres and a range of specially built machines for production of Axles and Brakes. The facilities also comprises Gleason Gear Manufacturing Equipment backed by a modern Heat Treatment Shop including Continuous Carburising and Sealed Quench Furnaces. Wide range of Rear Drive Axles catering to commercial vehicles ranging from 6 Tons to 35 Tons GCW, S-Cam Actuated Quick Change Air Brakes for commercial vehicles, and Trailer Axles for 10 Tons to 13 Tons GVW.

The companyâ€™s manufacturing facilities are located at Mysore, the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in the country. Over the years, AAL has developed an impressive domestic OEM clientele that includes Ashok Leyland, Telco, Vehicle Factory, Jabalpur,Mahindra & Mahindra, Volvo and Bharat Earth Movers. AAL exports axle parts to USA, and Italy.

The company brought in Rockwellâ€™s state-of-the-art manufactureing technology to India way ahead of its time expecting it would be able to penetrate a market segment in which CV manufacturers were making their own axles. Due to unforeseen delays caused due to various factors, it took it several years to achieve this objective. The company had therefore to be content with the business of contract manufacturing in which it could barely recover variable costs resulting in the accumulation of significant losses with interest and depreciation burden contributing to the erosion of over 50% of the company's net worth which led to its reference to BIFR in 1989.

Product range of the company includes:

Single drive Axle- AAL offers a broad selection of single rear drive axles ranging from 6000 kg to 14000 kg GAWR for Truck, Bus, Tractor & construction vocations.
Tandem Drive Axle- Vehicles used in the mining & Tractor applications are often required to carry extremely heavy loads, AAL offers the following variety of single-reduction tandem drive axles with GAWR capacities from 19000 kg to 28000 kg) for such vehicles.
Non Drive Axle- This axle does not have drive but used along with drive axles inorder to increase the vehicle load bearing capacity.

Milestones:

1981 - Foundation Stone laid
1981 - Incorporation and commencement of business
1982 - First Annual General meeting of Members
1983 - First Public Issue of equity shares
1984 - Commercial production of Rear Axle Housing
1986 - Commercial production of Brake Assembly
1988 - Commercial production of Axle Assembly for LCV manufacturers
1991 - Entered Export market by exporting prototypes to MB-Germany
1995 - Rights issue in the ratio of 1:4
1996 - Sales cross Rs. 1 billion
1998 - Quality Management System certified to ISO 9001
2000 - Quality System certified to QS 9000
2003 - Sales cross Rs. 2 Billion
2005 - Quality System certified to TS16949
2005 - Sales cross Rs. 3.5 Billion
2005 - Foundation Stone laid for 'Kalyani Nagar' colony of Employees
2006 - Environment Management System Certified to IS14001
2006 - Silver Jubilee year - Sales Cross Rs. 4.5 Billion

Awards/ Achievements:

AAL has a Quality Management System that is certified to ISO/TS 16949:2002 standard and also Environmental Management System that is certified to ISO 14001:2004 standard.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Automotive Axles Ltd (AUTOAXLES) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Auto.Axle Share Price